(MENAFN- Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Libra Energy Materials Inc. (CSE: LIBR) (FSE: W0R0) (" Libra " or the " Company ") is pleased to announce that further to its press release dated November 10, 2025, the Company has closed its non-brokered private placement financing (the " Offering ") for total gross proceeds of $1,209,273, consisting of 2,554,552 hard dollar common shares (" Hard Dollar Shares ") of the Company at a price of $0.17 per Hard Dollar Share and 3,100,000 Critical Minerals Exploration Tax Credit (" CMETC ") special flow-through common shares (" CMETC FT Shares ") at a price of $0.25 per CMETC FT Share. The Offering remains subject to customary approvals including the approval of the Canadian Securities Exchange (the " Exchange ").

Each Hard Dollar Share is comprised of one common share of the Company and each CMETC FT Share is comprised of one common share of the Company that qualifies as a "CMETC flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

The gross proceeds of the CMETC FT Shares will be used to fund further exploration programs on, but not limited to, the Company's Ontario and Quebec critical mineral properties, incurring expenditures that will qualify as "Canadian Exploration Expenses" and "flow-through critical mineral mining expenditures" as those terms are defined in the Income Tax Act (Canada), which will be renounced to the purchasers of the CMETC FT Shares with an effective date no later than December 31, 2025.

In connection with the Offering, insiders of the Company acquired 1,294,293 Hard Dollar Shares (the " Insider Subscription "). The Insider Subscription constituted a "related party transaction" within the meaning of the policies of the Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), but was exempt from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of shares subject to the Insider Subscription nor the consideration paid in connection with the Insider Subscription exceeded 25% of the Company's market capitalization calculated in accordance with MI 61-101. A material change report was not filed more than 21 days prior to closing of the Offering because the Insider Subscription was not finalized until shortly prior to the completion of the Offering.

The Company paid no finders' fees and/or broker warrants in connection with the Offering. All securities issued and issuable pursuant to the Offering will be subject to a hold period of four months and one day from the date of issuance.

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any U.S. state security laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Libra Energy Materials Inc.

Libra (CSE: LIBR) (FSE: W0R0) is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. Libra's Flanders North, Flanders South, and SBC projects in Ontario are being explored under a $33 million earn-in deal with KoBold Metals Company. In addition, Libra has 100% ownership over another three lithium projects in Ontario and Quebec, Canada, as well as another twenty-one lithium projects, eight graphite projects, and one cobalt project in Brazil - an emerging critical minerals hub. The Libra team comprises a mix of seasoned executives, engineers, and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy, and First Nations engagement.

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